family in park

The Good Permanent Side-Effects

There are side-effects to Coronavirus. I suspect some of them will be permanent, and this is not a bad thing.

As my wife and I were walking around our neighborhood on Thursday afternoon, we noticed a lot of husbands and wives out walking, shopping, spending time cafes and restaurants, and enjoying themselves on a weekday when you would not have normally seen working-age people at leisure. As many companies in Japan are encouraging people to work from home, this is likely what a telecommuting lifestyle looks like—a stark contrast to the salaryman lifestyle with its crushing commutes into the city and late night drinking with colleagues and customers.

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monster under bed

Monsters Under the Bed

Tentativeness is rarely out of fear of consequences, but rather fear of unknown consequences, and there is a distinction.

Tentativeness is rarely out of fear of consequences, but rather fear of unknown consequences. Click To Tweet

A Japanese government ministry official in charge of supporting small to medium size businesses said a recent event in Tokyo said that a shocking number of profitable privately-owned small to medium sized companies with perfectly viable businesses are simply closing as their aging CEOs are unable to find a reasonable successor. The children of the owners who might take over the family business frequently lack either appetite or the aptitude to do so, and few if any possible buyers for the business ever materialize. Rates of entrepreneurship in Japan in general are about half of other OECD countries.

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